Banking

Bank to offer 100 free stock or ETF trades to customers; the BofA unit will deposit uninvested client cash in banks, not money market funds.

The information you need to start your day, from PaymentsSource and around the Web. Today: Walmart still doesn't support Apple Pay; Paytm builds a cloud in India; Football clubs support bitcoin; First Data pushes into real estate payments; China cracks down on cryptocurrency news.

Community bankers take pride in their personal touch with customers, but they must extend it to mobile platforms. A good start is creating digital hubs that let customers view their full financial picture in one place, a chief technology officer says.

The agency said the market for larger rental investors may not need additional liquidity from Fannie Mae and Freddie Mac.

Eagle Bancorp Montana is gaining four branches and $94 million in deposits with its $19 million purchase of Big Muddy Bancorp.

The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages.

FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank.

Thibault Fulconis recently became CFO of the digital banking venture Varo Money, which has applied for a national bank charter.

Student loan demand continues to climb alongside rising rates and tuition costs, but new proposals from the Department of Education are adding further complications for potential borrowers.

Hanmi Financial in Los Angeles will pay more of the deal price in cash, prompting SWNB Bancorp to postpone its shareholder vote.

The financial technology services company leverages credit data.

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

At the recent CU Leadership Conference in Las Vegas, credit union representatives offered their ideas for the next round of reg relief.

The information you need to start your day, from PaymentsSource and around the Web. Today: Payment outage hits Australia; No cashier store opens in San Francisco; Should contactless limits get higher?: Alipay takes paper out of tax refunds.

Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.

A number of banks have stepped up efforts to lend to residential developers, though they are mindful of missteps made before the financial crisis.

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

CU Evolution aims to start "a movement within the movement" to help credit unions with less than $100 million in assets.

Because the legal cannabis industry is typically considered too high-risk for most banks and payment processors to work with, most technology solutions are designed to duplicate the familiar process of paying by card.